2015 Financial Statements

Since 1890, Assurity has been dedicated to protecting the financial security of our policyholders. We have been able to keep our promises because of our strong financial position and the commitment of our associates to our mission of helping people through difficult times.

A.M. Best Company, the insurance industry’s leading independent evaluator, has rated Assurity Life Insurance Company A- (Excellent)* with a stable outlook. This rating is given to companies that, in the opinion of A.M. Best, have an excellent ability to meet their ongoing insurance obligations.

In 2015, Assurity Life Insurance Company paid $137.8 million in living benefits to our policyholders including $17.4 million in dividends. In addition, we paid $58 million in death benefits to beneficiaries. Assurity is committed to honoring our obligation to our policyholders now and in the future.

*A.M. Best ratings range from A++(Superior) to F (in Liquidation)

2015 Annual Report

Assurity Life Insurance Company Public Fixed Income Holdings

Assurity Life Insurance Company
2015 Statutory Financials
(dollars in thousands)
  2015 2014
Income
Net Premiums & Deposit Administration Considerations $191,010 $192,864
Net Investment Income 117,110 116,588
Miscellaneous Income 20,757 22,948
Total Income 328,877 332,400
Benefits to Policyholders
Death Benefits 58,055 56,199
Living Benefits (Except Dividends) 120,424 117,251
Dividends 17,431 17,456
Total Benefits 195,910 190,906
Net Gain from Operations
After Capital Gains and Losses, FIT and Dividends 20,830 19,184
Other Financial Highlights
Net Investment Yield 5.06% 5.06%
Surplus and Asset Valuation Reserve (AVR) 347,679 330,772
Surplus and AVR as Percent of Assets 14.06% 13.43%
Risk-based Capital (Company Action Level) 625% 635%
Surplus & AVR
(millions)
Assets
Bonds 1,712,852 1,739,015
Stocks 91,834 71,674
Commercial Mortgage Loans 341,338 311,113
Real Estate 59,132 59,996
Policy Loans 116,750 113,827
Cash 2,033 19,939
Other 148,069 148,049
Total Assets 2,472,008 2,463,613
Liabilities
Insurance Reserves 1,512,324 1,493,861
Annuity Reserves 312,063 331,579
Dividends Payable in Next Year 17,370 17,320
Liability for Deposit Funds 178,648 182,038
Other 133,522 138,268
Total Liabilities 2,153,927 2,163,066
Surplus Accounts 318,081 300,549
Total Assets
(billions)
Financial Summary
(dollars in thousands)
  2015 2014
Total Assets $2,472,008 $2,463,613
Surplus and Asset Valuation Reserve 347,679 330,772
Net Gain after Capital Gains and Losses, FIT and Dividends 20,830 19,184
Total Premium and Deposits 261,522 256,804
Net Investment Income 117,110 116,588
Benefits and Reserve Increases 179,682 180,436
Dividend Payments 17,431 17,456
Total Liabilities 2,153,927 2,163,066